The Star Entertainment Group Ltd (ASX: SGR) share price isn’t moving this morning after the casino business announced that trading in its shares was going to be halted.
This is the business that has casinos in Brisbane, Gold Coast and Sydney.
What’s going on with the Star Entertainment share price?
The company announced to the ASX that a trading halt was necessary because it expects to make an announcement to the ASX about refinancing and related capital structure initiatives.
This trading halt will last until the earlier of Star announcing the capital structure initiatives or the start of trading on 27 September 2023.
How much is it aiming to raise?
According to reporting by the Australian Financial Review, Star Entertainment is expec…
Read the full article at: https://www.fool.com.au/2023/09/25/why-is-the-star-entertainment-share-price-frozen-on-monday/